Titan Trading Notes For Thursday [1/8/2024]:

KLCI managed to rebound quite well towards the 1625 points region today with an overall mixed market sentiment as we still saw over 600 counters closing red for the day. Daily trading volume remained average around the 4.4 billion mark, mainly dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of BWYS, BJCORP, CEB, CIMB, XOX, TANCO, JCY, CENSOF, BETA, RGB, and MUIPROP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

So far looking very strong here for a potential bullish continuation pattern and as long as able to sustain above its RM 0.41+ immediate support levels, could continue on towards and beyond the RM 0.435 - RM 0.45+ major resistance levels soon.

Will be monitoring BJCORP closely here for an entry opportunity as something big seems to be brewing.

Today, seems to be holding strong as it was able to rebound back towards the RM 0.70 regions with good volume and buying momentum. May have dipped already here and if able to sustain above its RM 0.675 immediate support, could rebound back towards the RM 0.735+ major resistance levels soon as it's quite oversold.

Will be monitoring CEB closely for an entry opportunity soon.

That said, it was still able to regain its momentum and close back green around the RM 2.15 regions with good volume and buying momentum today despite the weak market sentiment.

So far still looking quite good here and as long as able to sustain, will be expecting a potential run up towards the RM 2.30 - RM 2.40+ regions soon.